Watching the TV and the social media with it, anyone can be convinced that the dollar will keep getting crushed and there is no way but down for it! And that is why I am inclined to say that IN THE SHORT TERM, the DXY will go UP! The S&P is at an ATH, so be careful for a good pullback. This pullback for the markets and rise of the dollar will be short lived because of the Fed. So use it as an opportunity to buy MORE! Target: 94.60
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The DXY has not managed the close above 91 on 4h and now is trading lower, despite market weekness. This proves the $ is not strong enough for a rally. Trade closed. I opened long positions in XAU. Take care.
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I lost money even though my idea was corect.... It happens. Did not learn anything from this. So it will happen again.
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The DXY breaking, with this much strength, the first resistence leads me to believe we will restest the 94.6
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The dollar looks weak... This is the end of this idea. I believe it is safe now to short the USD. Take care and stay safe.
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I was wrong to believe the dollar was weak. But now I am very confident the short squeeze is over and that it will go DOWN. Short it at 93.05. Take care